A Fake Banking History of the United States

John Steele Gordon's "short history" of banking is filled with falsehoods. He blames Jefferson's opposition to central banking for economic problems that were in fact created by Hamilton's Bank of the United States. The system of financial regulatory dictatorship that Gordon praises, and which is about to be forced down the throats of the American public, has been tried before in other countries, and always with terrible results, writes Thomas J. DiLorenzo.